New Zealand Rural Land Balance Sheet Health
Financial Health criteria checks 0/6
New Zealand Rural Land has a total shareholder equity of NZ$216.9M and total debt of NZ$128.8M, which brings its debt-to-equity ratio to 59.4%. Its total assets and total liabilities are NZ$423.5M and NZ$206.6M respectively. New Zealand Rural Land's EBIT is NZ$14.4M making its interest coverage ratio 2. It has cash and short-term investments of NZ$6.1M.
Key information
59.4%
Debt to equity ratio
NZ$128.79m
Debt
| Interest coverage ratio | 2x |
| Cash | NZ$6.14m |
| Equity | NZ$216.89m |
| Total liabilities | NZ$206.60m |
| Total assets | NZ$423.49m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: NZL's short term assets (NZ$7.3M) do not cover its short term liabilities (NZ$80.9M).
Long Term Liabilities: NZL's short term assets (NZ$7.3M) do not cover its long term liabilities (NZ$125.7M).
Debt to Equity History and Analysis
Debt Level: NZL's net debt to equity ratio (56.6%) is considered high.
Reducing Debt: Insufficient data to determine if NZL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: NZL's debt is not well covered by operating cash flow (5.8%).
Interest Coverage: NZL's interest payments on its debt are not well covered by EBIT (2x coverage).